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Market Watch

By Matt Badiali
"I just sold all my shares of Goldcorp," the speaker leaned conspiratorially in toward me.

Meanwhile, the price of gold has increased by "only" 87% over the last four years.

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Top Headlines
Sensex sheds 51 points in volatile trade
Friday, 22 June 2007
The market edged lower today, 22 June 2007, after rallying consecutively in the previous three trading sessions. Global markets played spoilsport today. Volatility was the hallmark of the day, with the Sensex swinging sharply. It moved between positive and negative zone.

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Indian Stock Market to consolidate.
Thursday, 21 June 2007
The market is expected to consolidate after two straight days of rally. The 30-share BSE Sensex rose 116.45 points to 14,411.95 on Wednesday 20 June 2007. Volatility is expected over the next few days ahead of expiry of June 2007 derivatives contracts next Thursday, 28 June 2007.

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Liberty Shoes a stock on the move !
Wednesday, 20 June 2007
Liberty Shoes, a footwear manufacturer is broadening its product range from need-based shoes to lifestyle shoes. The company is concentrating on the fashion conscious consumer by introducing stylish leather and non-leather shoes.

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Firm show Results : Bharat Forge
Tuesday, 19 June 2007
Bharat Forge (BFL) crossed the US $1-billion target of consolidated net sales in 2007, ahead of its internal target of 2008.
Consolidated net sales surged 38% to Rs 4178.30 crore and net profit 16% to Rs 290.59 crore in the year ended March 2007 over FY 2006. There was extraordinary (EO) expense of Rs 12.14 crore as against nil in FY 2006.

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Aldea to provide Saas on demand
Saturday, 16 June 2007
Five IT professionals have come together to float new company in the name and style of Aldea Infotech Private Ltd.

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RCom launches FM Phones
Tuesday, 05 June 2007
Reliance Communication has forayed into the FM Radio phone segment with the launch of two new 'Classic' colour phones-the Classic 261 and the classic 761-priced at Rs. 1,888 and Rs. 1,919, respectively.

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SAIL Q4 profit up 72 p.c.
Tuesday, 22 May 2007
Aided by a strong demand for steel, higher value-added production and improved techno-economic parameters, the state-owned Steel Authority of India Ltd. (SAIL) posted a record turnover of Rs. 11,534 crore during the fourth quarter of 2006-07 with a 72 per cent increase in net profit at Rs. 1,902 crore as compared to Rs. 1,103 crore earned during the same quarter in the previous year.

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Invest in the Hot Indian Power Sector Stocks
Tuesday, 15 May 2007
Invest in Indian Power Sector Stocks for 35% consistent returns for the next 10 years, calculated by the most conservative aproach of computation, let me explain why  this could be your dream investment portfolio.
With 11th five year plan round the corner the core working group on power has firmed up plans to add around 69,000 megawatt (MW) of power generation capacity during this plan period (FY2007-12).

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RCom profit zooms
Tuesday, 01 May 2007
Reliance communications Ltd. RCL has announced an extraordinary growth in the net profit at Rs. 3,163 crore compared to its previous year figure of Rs. 444 crore for 2006-07 on the back of higher revenues of Rs. 14,468 crore Rs. 10,766 crore.The RCL board has recommended a dividend of 10 per cent.

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Robust sales in Europe spur Ranbaxy Q1 net
Saturday, 28 April 2007
Ranbaxy Laboratories reported a 79 per cent jump in its net profit at Rs. 128.70 crore for the first quarter ended March 31, 2007, against Rs. 71.80 crore in the first quarter of 2006, driven by robust growth thrust in Europe.
Its consolidated sales figures in this quarter grew by 22.6 per cent to Rs. 1,564.40 crore from Rs. 1,275.30 crore in the same quarter last year

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